Notice u/s 148 for thear 2014-2015

Notice received u/s 148 that income chargeable to tax AY 2014-2015 escaped assessment.

I am a house wife. My father gifted a flat which I have given on monthly rent of Rs.13000.00 (annual income Rs.154000.00).

IT asked to submit reply. PLease guide,

Replies (4)
Quick Summary
A housewife has received an Income Tax notice under Section 148 for the Assessment Year 2014-2015, stating that income chargeable to tax had escaped assessment. Her only income source is a flat gifted by her father, which she rents out for an annual income of £154,000. She is seeking guidance on how to respond to the tax authorities, who have requested details of her income and rent received.

Reply response asap by providing all the details of your income during the year and also provide details of rent received

I am house wife only annual rent income is Rs.154000.00 and there is no other source of income.

Ok, then you should give details of your rent received and income is less than basic exemption limit
If registation of flat is made on your name than it is possible that some payment was made in cash hence you have received notice u/s 148.

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